Serie A to form breakaway league
Italy's top football division Serie A is poised to split from Serie B to form a new league Lega Calcio Serie A.
The two divisions have been unable to reach an agreement over finance and Serie A is set to copy the formation of England's Premier League.
The Premier League increased its share of television revenue after breaking away from the other divisions in 1992.
"Nineteen Serie A clubs today decided to create the 'Lega Calcio Serie A'," said a statement by the new league.
"The decision was made because of the impossibility of reaching an understanding with the Serie B clubs" the statement added.
Italian top-flight clubs are determined to close the gap on Premier League sides, who have increasingly dominated European competition.
Story from BBC SPORT:
http://news.bbc.co.uk/go/pr/fr/-/spo...pe/8027857.stm
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Not sure exactly when the financial implications of this yet. The BBC article doesn't give very much details.
